STORY OUTLINE
- Flint Hills Resources: Championing innovation and excellence by putting focus on four pills; Innovation, People & Communities, Environment, Health & Safety.
- NexKemia: Becoming a technical and service leader by producing Expandable Polystyrene products since 2008.
- The Dow Chemical Company: Maximizing long term value per share by becoming the most respected and valuable science company in the world.
- Alpek S.A.B. de C.V.: In the field of making Expandable Polystyrene since 1875 with presence in over 9 countries.
- According to Ken Research, the US Expandable Polystyrene (EPS) market is anticipated to reach a production of 430 Kilotons by 2028 by growing at a CAGR of ~2.9% in between 2022-2028.
The US Expandable Polystyrene market is rapidly growing and is anticipated to attain a significant level of growth in the upcoming years.
There are many reasons behind the growth of US Expandable Polystyrene market. Some of these reasons include increasing automotive sales, rapid construction and increase in urbanization rates, along with rise in the demand for sustainable packaging
Various companies and players are contributing to their best efforts in the growth of the US Expandable Polystyrene market.
This article aims to put light on the contributions done by the major players towards the growth of the US Expandable Polystyrene market.
1. Flint Hills Resources
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Headquartered in Wichita, Kansas, this American chemical company holds a strong position in the US Expandable Polystyrene (EPS) market. With more than 3000 employees, presence in more than 60 locations, and a revenue of more than USD 2.5 Bn. in 2022, this company is in this field for more than 60 years.
Innovation, People & Communities, Environment, Health & Safety are the four pillars of this organization. They are operating with the vision of “championing innovation and excellence”.
They are concerned with making products primarily in three categories; Fuels, Aromatics, and Asphalt.
Their Expandable Polystyrene comes in three grades which are Grade 54, Grade 55, and Grade 71.
Grade 54 is a type of EPS that is designed for use in engineered building operations. This EPS has been tested for ASTM C578 and ASTM D-6817 standards. This comes in many subtypes which include I3354, S5354. I5354, S7354, 3454 etc.
Grade 55 is a type of EPS that is of regular grade which is primarily used for shape molding. It has been tested for CFR 177.160 and 21 CFR 174.5 regulations of FDA. It also has various sub-types which include 5355, 6355, 5455, and 6455.
Grade 71 is another EPS that is primarily used to make high strength containers for applications such as packaging. It has two subtypes which include 5371, and 7371.
2. NexKemia
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Headquartered in Quebec, Canada, this Canadian chemical company is the largest producer of Expandable Polystyrene market in the whole North America. With at least 70 employees, and more than USD 6.5 Mn. revenue in 2022, this company is in this field since 2008.
NexKemia makes EPS products in four grades which include Graphite Modified Grades, Modified Grades, Modified Low Pentane, Regular, and Regular low.
The Graphite Modified Grades, the first category comprises MT55L which contains flame retardant, and can be used in block molding, shape molding, and insulated cookers.
The Modified grade comprises M664D, M464D, M465D, M364D, M363D, M365D, M547D, M548D, M544D, M444D, M447D, M448D, M244D, and MG44C.
The Modified low pentane grade includes M534E, M434E, and M334E.
The Regular grade includes R641E, R441E, and R341E.
The Regular Low Pentane grade includes R549C, R249C, R539C, and R239C.
3. The Dow Chemical Company
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Headquartered in Midland, Michigan, US; this American chemical company is one of the greatest contributor of US Expandable Polystyrene market.
With more than 37,000 employees worldwide, presence in more than 160 countries and more than USD 56 Bn. revenue last year, this chemical company has been in its business since 1897.
In the past, this chemical company has made over 40 investments and 9 acquisitions and has invested more than ~USD 18 Bn.
Some of their latest acquisitions include Clean Filtration, Dow Corning, and Nuvosun. Their major acquisitions primarily include Rohm and Haas.
They primarily deal in Hydrocarbon Exploration, Chemicals, Catalysts, Plastics, Performance Chemicals and Coatings.
Some of their products include polyurethane, polystyrene, polypropylene, polyethylene, synthetic rubber, cellulose resins, ethylene oxide, surfactants, pesticide lorsban, and stryofoam.
Some of the Expandable Polystyrene products of this company include MOR-AD 903-45EA Laminating Adhesive, AXELERON CC 3465 NT Telecom Cable Compound, AXELERON CX 4960 NT Telecom Cable Compound, APPEEL 11D554 Peelable Resin, DOWSIL 30-424 Additive, PARALOID B-60 100% Resin, PRIMAL WDV-2001 ER Emulsion Polymer, etc.
4. Alpek S.A.B. de C.V.
Headquartered in Greater Monterrey, Mexico; this Mexican chemical company holds a strong position in US Expandable Polystyrene market.
With more than 7000 employees, and more than 212 Bn. revenue, this company has been in this field since 1975.
This company is present in 9 countries out of which some of the countries are United States, Canada, Mexico, United Kingdom, Brazil, Chile.
It was also involved in the acquisition of Grupo Petrotemex, Indelpro, Polioles, Styropek, Unimor.
Indelpro is primarily concerned with the production and commercialization of polypropylene resins in the whole world. Polioles is associated with the manufacturing of polystyrene, emulsifiers, industrial polyols, surfactants, dispersants, etc. Styropek is known to be the largest producer of expandable polystyrene in the continent of America.
They have various lines of products which include PTA, PET, RPET, Fibres, PP, EPS, ARCEL, natural gas and specialty chemicals.
Their product ARCEL is a copolymer of EPS which has the ability to achieve same results as EPS but with 40% lesser volume.
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